FSC Wealth Advisors LLC Buys Shares of 233 Manhattan Associates, Inc. (NASDAQ:MANH)

FSC Wealth Advisors LLC purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 233 shares of the software maker’s stock, valued at approximately $66,000.

A number of other large investors also recently modified their holdings of MANH. GAMMA Investing LLC boosted its position in Manhattan Associates by 47.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after buying an additional 382 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Manhattan Associates by 3.3% during the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock worth $27,022,000 after purchasing an additional 3,525 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Manhattan Associates in the first quarter worth $2,407,000. SG Americas Securities LLC grew its stake in shares of Manhattan Associates by 399.7% in the first quarter. SG Americas Securities LLC now owns 13,417 shares of the software maker’s stock worth $3,357,000 after purchasing an additional 10,732 shares during the last quarter. Finally, M&G Plc increased its holdings in Manhattan Associates by 2.1% in the second quarter. M&G Plc now owns 316,243 shares of the software maker’s stock valued at $78,112,000 after purchasing an additional 6,511 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Price Performance

MANH stock opened at $292.32 on Wednesday. The company’s 50-day moving average is $272.92 and its 200-day moving average is $246.07. The stock has a market capitalization of $18.00 billion, a PE ratio of 95.53 and a beta of 1.50. Manhattan Associates, Inc. has a 1 year low of $182.97 and a 1 year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.22. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The business had revenue of $265.30 million for the quarter, compared to analyst estimates of $255.83 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on MANH. Robert W. Baird lifted their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday. Truist Financial upped their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. DA Davidson raised their price target on shares of Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Loop Capital increased their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $275.75.

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the completion of the sale, the executive vice president now owns 46,287 shares in the company, valued at approximately $11,872,615.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by company insiders.

Manhattan Associates Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.